A joint venture between JPMorgan Chase and Lone Star is the lead bidder to acquire Dutch bad bank Propertize, according to a person with knowledge of the matter.
Talks are continuing and a deal could be agreed in the next month, however nothing has been finalised, the person said.
Propertize holds about €5.5bn in loans and real estate. An update on the sale is likely this summer, a spokeswoman for Propertize said.
